Tinna Rubber & Infrastructure (BOM:530475) Momentum Rank : 9 (As of Jun. 04, 2024)

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What is Tinna Rubber & Infrastructure Momentum Rank?

Tinna Rubber & Infrastructure has the Momentum Rank of 9.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Tinna Rubber & Infrastructure's Momentum Rank

For the Specialty Chemicals subindustry, Tinna Rubber & Infrastructure's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tinna Rubber & Infrastructure's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tinna Rubber & Infrastructure's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tinna Rubber & Infrastructure's Momentum Rank falls into.

Tinna Rubber & Infrastructure Momentum Rank Related Terms

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Tinna Rubber & Infrastructure (BOM:530475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tinna Rubber & Infrastructure Ltd (BOM:530475) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6, Mandi Road, Tinna House, Sultanpur, Mehrauli, New Delhi, IND, 110030

Website

https://www.tinna.in

Tinna Rubber & Infrastructure Ltd is primarily engaged in the conversion of used tires into crumb rubber and steel wires. The company manufactures products such as Crumb rubber modifier, Crumb rubber modified bitumen, and Polymer modified bitumen, Bitumen emulsion, Reclaimed rubber or ultrafine crumb rubber compound, and Cut wire shots. The products are primarily used for making or repairing road, tyres, and auto part industry. Geographically, it derives a majority of its revenue from India.

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